Well-known banker and CEO of Goldman Sachs (GS) Lloyd Blankfein was on CNBC's Andrew Ross Sorkin's hosted DealBook conference to share his views on multiple topics from income inequality to the fiscal cliff and succession planning at Goldman Sachs.

-- He said his succession at GS is not in sight.

-- The next Goldman CEO works at firm itself.

-- He thinks some redistribution is needed to address the income inequality.

-- On the fiscal cliff - coalition of moderates from both the parties will get the deal done as members on extreme sides will not change their position.

About the author:

Dheeraj Grover

I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne

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